Vistra ITCL (India) Limited has formally disclosed the release of its pledge on 3,76,56,092 equity shares of Thyrocare Technologies Limited, reducing its holding in the company to NIL. The revocation of the pledge was executed on September 16, 2025, and the disclosure has been filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Details of the pledge release

The shares in question were previously pledged by Vistra ITCL as part of a security arrangement. With the pledge revoked, the company no longer holds any shares under the pledge or encumbrance. The total equity share capital of Thyrocare Technologies Limited remains unchanged at 5,29,94,447 equity shares with a face value of Rs.10 per share.

The release of the pledge affects 71.06% of the total shareholding held by Vistra ITCL prior to the revocation. After the release, the acquirer holds no shares, and the total diluted share/voting capital of the company remains the same.

Mode and purpose of disclosure

The pledge on the shares was revoked through a direct release process, and the disclosure was filed as a precautionary measure. While the primary responsibility to comply with SEBI regulations lies with the lender or debenture holder, Vistra ITCL, in its capacity as security trustee and debenture trustee, has voluntarily filed this disclosure to ensure transparency.

The disclosure has been communicated to both the BSE Limited and National Stock Exchange of India (NSE), ensuring that all market participants are aware of the change in shareholding status.

Background on Vistra ITCL and Thyrocare

Vistra ITCL had acquired a substantial holding in Thyrocare Technologies Limited, which was earlier pledged as a security measure. Thyrocare is a leading diagnostics company in India, listed on both the BSE and NSE, and any changes in shareholding, especially large-scale pledge releases, are considered significant events for investors.

The revocation of the pledge could positively impact the market perception and trading dynamics of Thyrocare shares, as pledged shares often act as a market overhang. Investors and stakeholders typically monitor such changes closely to assess potential market stability and corporate governance practices.

Conclusion

With the release of the pledge on 3,76,56,092 shares, Vistra ITCL no longer holds any shares in Thyrocare Technologies Limited under pledge, and the total equity shareholding remains unchanged. The disclosure ensures compliance with SEBI regulations and maintains transparency for all investors and market participants.

This development is an important update for shareholders of Thyrocare Technologies, reflecting changes in encumbrances and enhancing clarity on shareholding status within the company.

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